Question

A researcher found that the correlation coefficient between price of Tea and price of coffee is 0.929. Which of the following is correct interpretation?​

Answer 1

Answer:

there is high positive correlation between price of tea and price of cofee

Answer 2

A researcher found that the correlation coefficient between price of Tea and the price of coffee is 0.929 i.e p-value. It means the price of tea has a very strong positive correlation with the price of coffee.

Explanation:
Since the p-value is nearly equals to +1, there is a strong linear relationship between the price of tea and the price of coffee. Also, it can be concluded that the price of tea is directly related to the price of a coffee with a correlation coefficient of 0.929.

Thus, if the price of tea increases, the price of coffee also increases, and if the price of tea decreases, the price of coffee also decreases.